Industrial Flex Space with Shop
For Sale
$249,900
County Road O, Mineral Point, WI 53565
Business/Comm, Mineral Point, WI
Property Size1,500 SF
Lot Size0.10 Acres
Price / SF$166.60
Days on Market20
Property Features for County Road O
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
Com
Interior features
Truck dr(s) hgr than 15ft, Private Restrooms, Less than 440 volt, 3 phase electric
Lot features
Corner, Industrial park, Near Major Highway
Directions
Turn on CTY RD O by Peter Built. The home sits on the right that is black and the contractor units are behind that.
Subdivision
MINERAL POINT - C
Standard status
Active
APN
018-1047
Size
1,500 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Amenities
radiant in-floor heat
finished bathroom
high-speed internet
interior water spigots
recycled asphalt driveways
Building Details
Year built
2026
Number of units
4
Roof type
Metal
Listing Agency:
RE/MAX Preferred · RE/MAX International
(608) 574-9145
Listed By:
Christina Weitzel · License #8555494
(608) 393-3330
Added: Aug 13
Changed: Aug 31
Last Checked: Sep 1 at 6:06AM
MLS# 2017154
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This under-construction flex property is configured as a shop condominium with a steel structural frame, single-slope metal roof, and maintenance-free steel exterior. The building provides 30-foot front walls, 25-foot rear walls, R-36 ceiling insulation, R-32 wall insulation, and a finished bathroom with a storage mezzanine. A 14-by-14-foot insulated overhead door includes windows and a Bluetooth opener. Interior features include radiant in-floor heat, continuous metal lining, high-speed internet, water spigots, and bathroom baseboard heat.
The property is zoned Com and includes 200-amp, three-phase electrical service rated below 440 volts. Recycled asphalt driveways serve the site, and the location is just off Exit 37 in Mineral Point, providing highway access and visibility. The stated construction year is 2026.
The property is zoned Com and includes 200-amp, three-phase electrical service rated below 440 volts. Recycled asphalt driveways serve the site, and the location is just off Exit 37 in Mineral Point, providing highway access and visibility. The stated construction year is 2026.
Key Highlights
- Shop condominium under construction with 2026 construction year
- 200‑amp three‑phase electrical service, rated below 440 volts
- 14‑by‑14‑foot insulated overhead door with windows and Bluetooth opener
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,484
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$249,680
$249.7K
Cap Rate 7%
$178,343
$178.3K
Cap Rate 9%
$138,711
$138.7K
Market Conditions
NOI Build-Up for 1,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$19.8K $13.20/SF
− Vacancy
−$594 −$0.40/SF
EGI
$19.2K $12.80/SF
− OpEx
−$6.7K −$4.48/SF
NOI
$12.5K $8.32/SF
Area
Iowa County, WI
Vacancy
3.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$249,680
Cap Rate 7%
$178,343
Cap Rate 9%
$138,711
Alternative Uses
Best Use
Flex RnD
$178.3K
$156.1K – $208.1K
NOI $12,484 @ 7.0% cap · market cap 5.00%
Second Best
Warehouse
$137.4K
$120.2K – $160.3K
NOI $9,617 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$438.2K
$383.4K – $511.2K
NOI $30,672 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53565, WI
4,899
Population
2,026
Households
2.4
Avg Household Size
45
Median Age
31%
College-Educated
95%
High-School Grad
186.0 sq mi
ZIP Area
26
Density / Sq Mi
$81,362
Median Household Income
$47,060
Median Earnings
$805
Median Rent
$254,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Under-construction commercial unit with radiant floor heat and three-phase power.
Where is this flex space located?
The property is located at County Road O Mineral Point, WI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Shop condominium under construction with 2026 construction year; 200‑amp three‑phase electrical service, rated below 440 volts; 14‑by‑14‑foot insulated overhead door with windows and Bluetooth opener
